View Single Post
Old 17-02-2005, 03:03   #55
Soul-Trader2004
moderator
 
Soul-Trader2004's Avatar
 
Join Date: Apr 2004
Posts: 550
Downloads: 0
Uploads: 0
Rep Power: 0Soul-Trader2004 is an unknown quantity at this point
Re: The learning cycle for a newbie trader

greed greed greed

sorry mate - but 30% a year is as good as any fund out there

as for monte carlo tested - well, we all know who are the rich folk there and it aint the punters

it will kill you in the end mate - your choice

im guessing i stake about the same amount as you (guessing cos i dont know how large your stop risk is) but i only use leverage of 5:1 and only 2.5:1 at the riskiest part of the trade (the beginning) - that equates to around 0.7% of capital risked per trade based on my stop levels

It does get uncomfortable if you have large jumps in the amount you stake - for example if you are buying 300k one week and next week its 400k thats a massive jump in terms of your psychology - stage the changes and dont increase till your brain tells you its happy to

slow growth is the key to successful trading in my book.

dont even look at the balance when trading, just the pips. Cover that part of your monitor with the chat room or even black tape lol
__________________
Come Chat



Soul-Trader2004 is offline   Reply With Quote